Washington REIT buys back $40.8 million 3.875% convertibles at 91

By Jennifer Chiou

New York, July 23 - Washington Real Estate Investment Trust repurchased $40.8 million of its 3.875% convertible notes at an average discounted price of 91 during the quarter ended June 30.

The company said it paid about $37 million for the notes.

With the repurchases, the REIT said it reported a gain of $1.2 million in the second quarter.

Washington is a Rockville, Md.-based REIT that owns, operates and develops properties in the Washington and Baltimore region.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.